Authority: National Company Law Tribunal, Division Bench (Court– I), Chennai
Order Date: 29 June 2026
Case Overview
The hearing concerned an Interlocutory Application (IA(IBC)/1040/CHE/2026) filed by Greta Steels Pvt Ltd against Kamachi Steels Pvt Ltd. The application was part of the main petition CP(IB)/84(CHE)/2025. The applicant, Greta Steels, sought specific reliefs concerning a piece of equipment identified as the '5th grab (KS-3)'.
The reliefs sought were for the Tribunal to:
a. Direct the respondent to verify and furnish records, including valuation reports, asset records, and other documents related to the grab held at the premise of Kamachi Industries Limited.
b. Direct the respondent to verify and furnish operational records such as gate entry registers, vehicle movement registers, material issue records, and stock records available from 20 June 2023 regarding the grab.
c. Direct the respondent to furnish the whereabouts of the grab and hand over its possession to the applicant.
The applicant was represented by Learned Counsel Ms. Lilly Francis.
Final Outcome
The Tribunal did not rule on the substantive reliefs sought. Instead, it issued a procedural direction, ordering the applicant (Greta Steels) to serve a copy of the application on the Liquidator of Kamachi Industries Ltd, who is the respondent in this matter. The applicant was also directed to file an affidavit confirming this service. The application was adjourned and listed for the next hearing for appearance, reply, or hearing on 18 August 2026.
The practical consequence is a delay in the proceedings, as the matter will not progress until the service is effected and the liquidator has an opportunity to respond.
Topics: Insolvency Proceeding, Asset Dispute, NCLT